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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 667 $ 602
Reconciliation of net income to net cash provided by operating activities:    
Depreciation and amortization 401 351
Equity-indexed compensation expense 33 40
Inventory valuation adjustments 35 3
Deferred income tax (benefit)/expense 21 (30)
(Gain)/loss on foreign currency revaluation (20) 1
Settlement of terminated interest rate hedging instruments (29) (50)
Change in fair value of Preferred Distribution Rate Reset Option (Note 10) 0 (42)
Equity earnings in unconsolidated entities (201) (133)
Distributions on earnings from unconsolidated entities 222 151
Other 19 13
Changes in assets and liabilities, net of acquisitions 770 (258)
Net cash provided by operating activities 1,918 648
CASH FLOWS FROM INVESTING ACTIVITIES    
Cash paid in connection with acquisitions, net of cash acquired (1,282) (282)
Investments in unconsolidated entities (356) (171)
Additions to property, equipment and other (778) (1,030)
Proceeds from sales of assets 407 638
Return of investment from unconsolidated entities 21  
Cash received for sales of linefill and base gas 23  
Other investing activities 2 (9)
Net cash used in investing activities (1,963) (854)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net repayments under commercial paper program (Note 8) (115) (617)
Net borrowings under senior secured hedged inventory facility (Note 8) 7 424
Repayments of senior notes (Note 8) (400) (175)
Net proceeds from the sale of Series A preferred units   1,569
Net proceeds from the sale of common units (Note 9) 1,664 283
Contributions from general partner   39
Distributions paid to common unitholders (Note 9) (1,168) (835)
Distributions paid to general partner   (464)
Other financing activities 41 (18)
Net cash provided by financing activities 29 206
Effect of translation adjustment on cash 2 4
Net increase/(decrease) in cash and cash equivalents (14) 4
Cash and cash equivalents, beginning of period 47 27
Cash and cash equivalents, end of period 33 31
Cash paid for:    
Interest, net of amounts capitalized 325 313
Income taxes, net of amounts refunded $ 47 $ 78